Charity registration number: 700817
Masjid E Tauheedul Islam
Report and Accounts
31 December 2020
Masjid E Tauheedul Islam Contents
| Page | |
|---|---|
| Charity Information | 1 |
| Trustees report | 2 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the accounts | 7 |
Masjid E Tauheedul Islam Charity Information for the period ended 31 December 2020
Address
31 Biknell street Blackburn Lancashire BB1 7JJ
Charity registration number: 700817
Trustees
Mr Faruk Ibrahim Bharucha Mr Yunus Bohra Mr Ali Mohmed Vika
Appointed independent examiner
M A Ibrahim (FCCA)
Accountants
M.A.I (Accountants) Limited 7 St Andrews Street Blackburn Lancashire BB1 8AE
Bankers
Natwest Bank 35 King William Street Blackburn Lancashire BB1 7DL
1
Masjid E Tauheedul Islam Trustees’ annual report for the period ended 31 December 2020
Charity registration number: 700817
The Annual Report is fully SORP compliant and sets out how the trustees have met their obligations.
The Financial Statement is fully SORP compliant and includes the incoming resources and resources expended.
Objectives and activities
The purpose of the charity as set out in its governing document is as follows:
a)To Advance the Islamic religion amongst the residents of Blackburn and to teach the Islamic way of life by the faith and literature set out by the Scholars of the Islamic University of Deoband India in accordance with "Ahle -Sunnat- wal Jamaat
b) advance education including religious education by maintaining and managing a school for girls of the Islamic faith. The activities of the Girls School as stated in the Objectives clause are now vested in the Tauheedul Education Trust.
The main activities undertaken in relation to those purpose are as follows:
The Masjid provides prayer facilities for worshippers who visit the masjid with congregational prayers taking place five times a day. The Masjid provides religious Islamic education to school age children in the evening under the guidance of the Imaams. Nika (marriage) ceremonies and full funeral services are also provided for the local Muslim population.
In setting our objectives and planning our activities our Trustees have given careful consideration to the Charity Commission's general guidance on public benefit.
Achievements performance and impact of Covid 19
The Charity carries out a wide range of activities in pursuance of its charitable aims:
The Masjid was greatly impacted and restricted in its activities during the year due to covid lockdown restrictions. However, the Masjid still endeavoured to achieve as much as possible. Government guidelines were implemented, risk assessments carried out by newly appointed Covid-19 safety officers and volunteers. During the lockdown and the month of Ramadan volunteers visited and donated food parcels to members of all communities and faiths. Many members of our community lost their lives during the pandemic. May The Almighty grant them the highest place of Jannah in the Hereafter. Our heartfelt condolences to all those who lost loved ones.
Structure, governance and management
MTI is registered as a Charity with The Charity Commission under charity no: 700817
As stated on page 1 Masjid e Tauheedul Islam has three appointed Trustees. The day to day management of the Masjid’s affairs is the responsibility of the elected voluntary Executive Committee. Supporting the Executive Committee is a group of Sub Committees which manage the strategic direction of the Masjid’s activities.
Reference and administrative details
See preceding page under 'Charity Information'.
Names of the charity trustees who manage the charity
All trustees are named on the preceding page under 'Charity Information'.
2
Masjid E Tauheedul Islam Trustees’ annual report for the period ended 31 December 2020
Financial review and reserves policy
Funds available are sufficient to permit the charity to continue in operation in the medium to long term, together with the continued support from the donors. The day to day running of the Masjid is financially supported by voluntary contributions from members of the Masjid. The Masjid has other investment properties that are rented out to generate additional income
The reserves of the Masjid have been classified as invested in Endowment Funds and unrestricted reserves to serve Masjid e Tauheedul Islam and its immediate and wider community. The mosque building being Waqaf property is classified as permanent endowment and therefore under the restricted funds category. Other reserves are maintained at a level where cash flow is available for upkeep and maintenance of all assets of the charity and any future expansion requirements.
There are no uncertainties about the charity continuing as a going concern. The Trustees actively review all major risks which the Charity faces and drawn up a risk assessment which is reviewed at every meeting. The Trustees are satisfied that all systems are in place and arrangements have been made to manage any risks identified.
Statement of Trustee’s responsibilities
The Trustees are responsible for preparing the Trustees’ Annual Report and Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure of the charitable company for that period in preparing these financial statements, the trustees are required to:-
h Select suitable accounting policies to be applied consistently
h Observe the methods and principles in the Charities SORP
h Make judgements and estimates that are reasonable and prudent
h State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and,
h Prepare the financial statements on the going concern bases unless it is inappropriate to presume that the charitable company will continue in operation.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements.
Approved by the Trustees and signed on its behalf by:
Ali Mohmed Vika Date: 23/09/2021 Trustee
3
Masjid E Tauheedul Islam
Independent Examiner's Report to the Trustees of Masjid E Tauheedul Islam
I report to the trustees on my examination of the accounts of Masjid E Tauheedul Islam (the Trust) for the period ended 31 December 2020.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the Charities Act 2011 ("the Act").
The charity's trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed.
It is my responsibility to:
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l examine the accounts under section 145 of the Charities Act,
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l to follow the applicable Directions given by the Charity Commission (under section 145(5)(b) of the Act, and
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l to state whether particular matters have come to my attention
Basis of independent examiner’s statement
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:
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l the accounting records were not kept in accordance with section 130 of the Charities Act; or
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l the accounts did not accord with the accounting records; or
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l the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
The appointed independent examiner of the trust:
M A Ibrahim (FCCA) for and on behalf of Date: 23/09/2021 M.A.I (Accountants) Limited 7 St Andrews Street Blackburn Lancashire BB1 8AE
4
Masjid E Tauheedul Islam Statement of financial activities for the period ended 31 December 2020
| Notes Unrestricted Total funds funds 2020 Income 3 £ £ £ Income and endowments from: Donations and legacies 94,814 - 94,814 Charitable activities 54,965 - 54,965 Investments 46,515 - 46,515 Other 1,644 11,526 13,170 Total 197,938 11,526 209,464 Expenditure 4 Expenditure on: Charitable activities 168,756 11,526 180,282 Net income/(expenditure) for the year 29,182 - 29,182 Reconciliation of funds Total funds brought forward 1,751,490 3,338,863 5,090,353 Net incoming resources for the year 29,182 - 29,182 Transfer between Funds 0 0 Total funds carried forward 1,780,672 3,338,863 5,119,535 Restricted/ Endowment |
Total 2019 £ 114,629 70,191 42,525 3,010 230,355 227,654 2,702 5,087,651 2,702 (0) 5,090,353 |
|---|---|
5
Masjid E Tauheedul Islam Balance Sheet At 31 December 2020
| Notes Unrestricted Endowment Total funds funds 2020 £ £ £ Fixed assets Tangible assets 5 660,241 3,338,863 3,999,104 Investments 942,430 942,430 1,602,671 3,338,863 4,941,534 Current assets Cash at bank and in hand 190,271 - 190,271 190,271 - 190,271 Creditors:amounts falling due within one year Trade creditors and accruals 6 12,270 - 12,270 Net current assets 178,001 - 178,001 Net assets 1,780,672 3,338,863 5,119,535 Funds of the Charity 7 Unrestricted funds 1,780,672 - 1,780,672 Endowment Waqaf funds - 3,338,863 3,338,863 Total funds 1,780,672 3,338,863 5,119,535 |
Total 2019 £ 4,008,085 794,555 4,802,640 303,674 303,674 15,962 287,712 5,090,353 1,751,490 3,338,863 5,090,353 |
|---|---|
Approved by the Board of Trustees and signed on its behalf by
Faruk Bharucha Date: 23/09/2021 Trustee
6
Masjid E Tauheedul Islam Notes to the Accounts for the period ended 31 December 2020
Basis of preparation
1 Basis of accounting
The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102 and charities SORP (FRS 102) effective 1 January 2019, published by the Charity Commission in England & Wales.
The charity is a public benefit entity.
2 Accounting Policies
Income
Income from charitable activities and voluntary donations are included in full in the Statement of Financial Activities when received. The value of services provided by volunteers has not been included.
Expenditure
Expenditure is included in the accounts on an accruals basis.
Depreciation
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than endowment land and buildings , at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fittings and equipment
5%
Investments
Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Unrestricted funds
Unrestricted funds are donations and other incoming resources receivable or generated for the charity without further specified purpose and are available as general funds.
Restricted funds
Restricted funds are funds subject to specific trusts, which may be declared by the donor(s) or with their authority (e.g. in a public appeal) or created through legal process, but still within the wider objects of the charity. Restricted funds may be restricted income funds, which are spent at the discretion of the trustees in furtherance of some particular aspect(s) of the objects of the charity, or they may be endowment funds, where the assets are required to be invested, or retained for actual use, rather than spent.
Endowment funds
Endowment Waqaf funds as applied to mosque property is a religious endowment. The properties under Waqaf endowment are dedicated to Allah SWT for public benefit on a perpetual basis. Restricted Fixed Waqaf funds cannot be gifted, granted or disposed.
7
Masjid E Tauheedul Islam Notes to the Accounts for the period ended 31 December 2020
| 3 Analysis of income Donations and legacies Members contributions Donations Total Charitable activities Parent contributions Other Total Income from investments Rental income Total Other Interest income Solar electricity income Total Total income 4 Analysis of expenditure Expenditure on charitable activities Wages Employee pension Casual wages Examination expenses Heat and light- Masjid Heat and light- Madrassah Rates Water charges Cleaning and consumables Bank charges Insurance Repairs and maintenance Waste disposal cost Equipment expensed Depreciation Exhibition costs Telephone and internet Subscriptions and license Stationery, postage and printing Sundry expenses Accountancy fees Payroll fees Independent examiner's fee Total Total expenditure HMRC JRS grant |
Restricted Unrestricted income 2020 funds funds Total funds £ £ £ 72,360 - 72,360 22,454 - 22,454 94,814 - 94,814 52,128 - 52,128 2,837 - 2,837 54,965 - 54,965 46,515 - 46,515 46,515 - 46,515 142 - 142 1,502 - 1,502 11,526 11,526 1,644 11,526 13,170 197,938 11,526 209,464 Unrestricted Restricted 2020 funds funds Total funds £ £ £ 85,142 11,526 96,668 1,240 - 1,240 3,272 - 3,272 - - - 17,224 - 17,224 8,907 - 8,907 3,174 - 3,174 6,016 - 6,016 4,551 - 4,551 28 - 28 526 - 526 19,577 - 19,577 720 - 720 3,106 - 3,106 8,982 - 8,982 - - - 729 - 729 934 - 934 2,769 - 2,769 102 - 102 575 - 575 882 - 882 300 - 300 168,756 11,526 180,282 168,756 11,526 180,282 |
2019 Prior year £ 84,590 30,039 114,629 68,510 1,681 70,191 42,525 42,525 196 2,814 - 3,010 230,355 2019 Prior year £ 91,977 755 2,631 7,331 23,496 13,297 2,953 6,957 1,268 20 694 57,481 - 2,795 8,983 950 715 1,272 2,325 218 500 736 300 227,654 227,654 |
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8
Masjid E Tauheedul Islam Notes to the Accounts for the period ended 31 December 2020
| 5 Land, buildings, equipment and fittings Land and property £ Cost At 1 January 2020 3,915,369 At 31 December 2020 3,915,369 Depreciation At 1 January 2020 - Charge for the year - At 31 December 2020 - Net book value At 31 December 2020 3,915,369 At 31 December 2019 3,915,369 5a Investments at Cost At 1 January 2020 Additions / Improvements At 31 December 2020 6 Creditors 2021 Analysis of creditors: £ Trade creditors 11,470 Accruals 800 12,270 |
Fittings and equipment £ 179,653 179,653 86,935 8,982 95,917 83,735 92,717 Investment Properties £ 794,555 147,875 942,430 2020 £ 15,362 600 15,962 |
Total £ 4,095,021 4,095,021 86,935 8,982 95,917 3,999,104 4,008,086 Total £ 794,555 147,875 942,430 |
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7 Analysis of fund assets and liabilities
| Tangible fixed assets Current assets Current liabilities |
Unrestricted Endowment Total funds funds 2020 £ £ £ 1,602,671 3,338,863 4,941,534 190,271 - 190,271 (12,270) - (12,270) 1,780,672 3,338,863 5,119,535 |
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9
Masjid E Tauheedul Islam Notes to the Accounts for the period ended 31 December 2020
| 8 Details of certain items of expenditure 2021 £ Independent examiner’s fees 300 |
2020 £ 300 |
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9 Transactions with trustees and related parties
There were no benefits, expenses or remuneration paid to the Trustees or persons connected to them.
| 10 Employees Average number of employees |
2020 Number 24 |
2019 Number 25 |
|---|---|---|
No employee received emoluments in excess of £60,000
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